![]() We do understand the discount has widened and it is frustrating. We also repurchased $93 million across the LSXMA and LSXMK shares from May to July and a look through price on Siri of $2.88 per share. So let's begin with Liberty’s SiriusXM where we received a $70 million regular dividend from Sirius in the second quarter which was tax free. Today on the call besides myself we will also have Formula One’s President and CEO, Stefano Domenicali and Liberty's Chief Accounting and Principal Financial Officer, Brian Wendling. Now I'd like to turn the call over to Greg Maffei, Liberty’s President and CEO. The required definitions and reconciliations for Liberty Media and SiriusXM schedules one and two can be found at the end of the earnings press release issued today, which is available on Liberty Media's website. On today's call, we will discuss certain non-GAAP financial measures for Liberty Media and SiriusXM, including adjusted OIBDA and adjusted EBITDA. These forward-looking statements speak only as of the date of this call and Liberty Media and Liberty Media Acquisition expressly disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Liberty Media or Liberty Media Acquisitions expectations with regard there to or any change in events, conditions or circumstances on which any such statement is based. Actual events or results could differ materially due to a number of risks and uncertainties, including those mentioned in Liberty Media's most recent Forms 10-K and 10-Q or Liberty Media Acquisitions most recent Form 10-K and 10-Q filed with the SEC. Before we begin, we'd like to remind everyone this call includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. ![]() I would now like to turn the conference over to Courtnee Chun, Chief Portfolio Officer. As a reminder, this conference is being recorded August 5th. Afterwards, we will conduct a question-and-answer session. During the presentation all participants will be in a listen-only mode. Welcome to the Liberty Media Corporation’s 2022 Q2 Earnings Call. Ladies and gentlemen, thank you for standing by. Wilm - Chief Legal Officer and Chief Administrative Officer Wendling - Chief Accounting and Principal Financial Officer Stefano Domenicali - President and CEO, Formula One Groupīrian J. Maffei - President and CEO, Liberty Media Corporation Formula One Group ( NASDAQ: FWONA) Q2 2022 Earnings Conference Call Aug10:00 AM ET
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